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Jacob Schiff

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Jacob Henry Schiff (born Jakob Heinrich Schiff ; January 10, 1847 – September 25, 1920) was an American banker , businessman, and philanthropist. He helped finance the expansion of American railroads and the Japanese military efforts against Tsarist Russia in the Russo-Japanese War .

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99-645: Born in Frankfurt , Germany, Schiff migrated to the United States after the American Civil War and joined the firm Kuhn, Loeb & Co. From his base on Wall Street , he was the foremost Jewish leader from 1880 to 1920 in what later became known as the "Schiff era", grappling with all major Jewish issues and problems of the day, including the plight of Russian Jews , American and international antisemitism , care of needy Jewish immigrants, and

198-552: A Reichsstadt ( Imperial Free City ), i.e., directly subordinate to the Holy Roman Emperor and not to a regional ruler or a local nobleman. In 1585, Frankfurt traders established a system of exchange rates for the various currencies that were circulating to prevent cheating and extortion. Therein lay the early roots for the Frankfurt Stock Exchange. Frankfurt managed to remain neutral during

297-600: A naturalized citizen of the United States in September 1870.However, Schiff's modern biographer Cohen, says this happened a year later. Upon the dissolution of Budge, Schiff & Company in 1872, Schiff decided to return to Germany. In 1873, he became manager of the Hamburg branch of the London & Hanseatic Bank. He returned to Frankfurt, however, upon the death of his father later that year. In 1874, Abraham Kuhn of

396-591: A Frankish king named Zuna, who ruled over the province then known as Sicambri . He hoped thereby to perpetuate the name of his lineage. This is chronologically incompatible, however, with the archaeologically demonstrated Roman occupation of the area around Nida fortress in modern Heddernheim . The name is derived from the Franconofurd of the Germanic tribe of the Franks ; Furt ( cf. English ford ) where

495-650: A camp for Sinti and Romani people (see Romani Holocaust ), the Dulag Luft West transit camp for Allied prisoners of war, and a subcamp of the Natzweiler-Struthof concentration camp . Frankfurt was severely bombed in World War II (1939–1945). About 5,500 residents were killed during the raids, and the once-famous medieval city center , by that time one of the largest in Germany,

594-656: A city divided into four sectors , could no longer rival it. In 1948, the Allies founded the Bank deutscher Länder , the forerunner of Deutsche Bundesbank . Following this decision, more financial institutions were re-established, e.g. Deutsche Bank and Dresdner Bank . In the 1950s, Frankfurt Stock Exchange regained its position as the country's leading stock exchange. Frankfurt also reemerged as Germany's transportation hub and Frankfurt Airport became Europe's second-busiest airport behind London Heathrow Airport in 1961. During

693-693: A demolition and site cleanup plan to the Nebraska Department of Environmental Quality for their impact on the local residential area. Fined $ 3.6 million in 1996 for discharging lead and other pollutants into the Missouri River , ASARCO closed its Omaha plant in July 1997. After extensive site cleanup, the land was turned over to the City of Omaha as a 23-acre (93,000 m ) park. All of East Omaha , comprising more than 8,000 acres (32 km ),

792-512: A director of the Equitable Life Assurance Society , National City Bank of New York , Central Trust Company , Western Union Telegraph Company , Union Pacific Railroad , and Bond & Mortgage Guarantee Company. He was elected a director of Wells Fargo & Company in September 1914 to succeed his brother-in-law, Paul Warburg , who had resigned to accept appointment to the original Federal Reserve Board. What

891-587: A distinguished Ashkenazi Jewish rabbinical family that traced its lineage in Frankfurt back to 1370. One ancestor, David Tevele Schiff , became lead rabbi in Great Britain and from 1765 until his death was acting head of the London Synagogue . Meir Ben Jacob Schiff, another relative, had become renowned as a Talmudic scholar and commentator in the 14th century. Jacob's father, Moses Schiff,

990-458: A district committee and chairperson. The largest city district by population and area is Sachsenhausen , while the smallest is Altstadt , Frankfurt's historical center. Three larger city districts (Sachsenhausen, Westend and Nordend ) are divided for administrative purposes into a northern ( -Nord ) and a southern ( -Süd ) part, respectively a western ( -West ) and an eastern ( -Ost ) part, but are generally considered as one city district (which

1089-557: A free city, becoming the seat of its Bundestag , the confederal parliament where the nominally presiding Habsburg Emperor of Austria was represented by an Austrian "presidential envoy". After the ill-fated revolution of 1848 , Frankfurt was the seat of the first democratically elected German parliament, the Frankfurt Parliament , which met in the Frankfurter Paulskirche (St. Paul's Church) and

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1188-581: A newly established primogeniture in Italy), Grand Duke of Frankfurt after Dalberg's death (since the latter as a Catholic bishop had no legitimate heirs). The Grand Duchy remained a short episode lasting from 1810 to 1813 when the military tide turned in favor of the Anglo-Prussian-led allies that overturned the Napoleonic order. Dalberg abdicated in favor of Eugène de Beauharnais, which of course

1287-560: A part of early Franconia , the inhabitants were the early Franks , thus the city's name reveals its legacy as "the ford of the Franks on the Main". Among English speakers, the city is commonly known simply as Frankfurt, but Germans occasionally call it by its full name to distinguish it from the other (significantly smaller) German city of Frankfurt an der Oder in the Land of Brandenburg on

1386-541: A population of 5.5 million. Other important cities in the region are Wiesbaden (capital of Hesse ), Mainz (capital of Rhineland-Palatinate ), Darmstadt , Offenbach am Main , Hanau , Aschaffenburg , Bad Homburg vor der Höhe , Rüsselsheim , Wetzlar and Marburg . The city is divided into 46 city districts ( Stadtteile ), which are in turn divided into 121 city boroughs ( Stadtbezirke ) and 448 electoral districts ( Wahlbezirke ). The 46 city districts combine into 16 area districts ( Ortsbezirke ), which each have

1485-681: A population of more than 5.8 million and is Germany's second-largest metropolitan region after the Rhine-Ruhr region and the fourth biggest metropolitan region by GDP in the European Union . Frankfurt is home to the European Central Bank , one of the institutional seats of the European Union, while Frankfurt's central business district lies about 90 km (56 mi) northwest of the geographic center of

1584-553: A simplified manner (e.g., Römer , St. Paul's Church , and Goethe House ). The collection of historically significant Cairo Genizah documents of the Municipal Library was destroyed by the bombing. According to Arabist and Genizah scholar S.D. Goitein , "not even handlists indicating its contents have survived." The end of the war marked Frankfurt's comeback as Germany's leading financial hub, mainly because Berlin, now

1683-720: A street Jacob-Schiff-Straße in Frankfurt in response to the numerous charitable donations he had made to the city. When the Nazi Party took power in 1933, the street's name was changed to Mummstraße after Daniel Heinrich Mumm von Schwarzenstein, the city's former mayor, as part of aryanization . David T. Schiff's son Andrew Neman Schiff was married previously to former Vice President Al Gore 's daughter, Karenna . Together they had three children, before divorcing in 2010. Frankfurt Frankfurt am Main ( / ˈ f r æ ŋ k f ər t / ; German: [ˈfʁaŋkfʊʁt ʔam ˈmaɪn] ; lit. " Frank ford on

1782-692: A year. ASARCO conducts solvent extraction and electrowinning at the Ray and Silver Bell mines in Pima County, Arizona , and Pinal County, Arizona , and operates a smelter in Hayden, Arizona . It also had a smelting plant in El Paso, Texas , operations of which were suspended. In 1975 it officially changed its name to ASARCO Incorporated. In 1999 it was acquired by Grupo México, which had begun as ASARCO's 49%-owned Mexican subsidiary in 1965. On August 9, 2005,

1881-762: Is "FRA", the IATA code for Frankfurt Airport.   Roman Empire , pre 475   Francia , ca. 475–843   East Francia , 843–962 [REDACTED] Holy Roman Empire , 962–1806 [REDACTED] Free City of Frankfurt , 1372–1806 [REDACTED] Grand Duchy of Frankfurt , 1806–1813 [REDACTED] Free City of Frankfurt , 1813–1866 [REDACTED] Kingdom of Prussia , 1866–1871 [REDACTED] German Empire , 1871–1918 [REDACTED] Weimar Republic , 1918–1933 [REDACTED] German Reich , 1933–1945 [REDACTED] American occupation zone , 1945–1949 [REDACTED] West Germany , 1949–1990 [REDACTED]   Germany , 1990–present At

1980-645: Is 248.31 km (95.87 sq mi) and extends over 23.4 km (14.54 mi) east to west and 23.3 km (14.48 mi) north to south. Its downtown is north of the river Main in Altstadt district (the historical center) and the surrounding Innenstadt district. The geographical center is in Bockenheim district near Frankfurt West station . Frankfurt at the heart of the densely populated Frankfurt Rhine-Main Metropolitan Region with

2079-609: Is a mining , smelting , and refining company based in Tucson, Arizona , which mines and processes primarily copper . The company has been a subsidiary of Grupo México since 1999. Its three largest open-pit mines are the Mission, Silver Bell and Ray mines in Arizona. Its mines produce 350,000,000 to 400,000,000 pounds (160,000,000 to 180,000,000 kg) of copper a year. ASARCO conducts solvent extraction and electrowinning at

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2178-459: Is also not an administrative city district (it covers parts of the western Innenstadt district, the southern Westend district and the eastern Bahnhofsviertel district). Many city districts are incorporated suburbs ( Vororte ) or were previously independent cities, such as Höchst . Some like Nordend and Westend arose during the rapid growth of the city in the Gründerzeit following

2277-879: Is home to influential educational institutions, including the Goethe University with the Universitätsklinikum Frankfurt ( de ) (Hesse's largest hospital), the FUAS , the FUMPA , and graduate schools like the FSFM . The city is one of two seats of the German National Library (alongside Leipzig ), the largest library in the German-speaking countries and one of the largest in the world. Its renowned cultural venues include

2376-609: Is one of the world's busiest international airports by passenger traffic and the main hub for Germany's flag carrier Lufthansa . Frankfurt Central Station is one of the largest rail stations in Europe and the busiest junction operated by Deutsche Bahn , the German national railway company, with 342 trains a day to domestic and European destinations. Frankfurter Kreuz , also known as the Autobahn interchange and located close to

2475-488: Is one of the few cities in the European Union (EU) to have such a skyline, which is why Germans sometimes refer to Frankfurt as Mainhattan , combining the local river Main and " Manhattan ". The other well-known nickname is Bankfurt . Before World War II , the city was noted for its unique old town , the largest timber-framed old town in Europe. The Römer area was later rebuilt and is popular with visitors and for events such as Frankfurt Christmas Market . Other parts of

2574-693: Is perhaps Schiff's most famous financial action took place during the Russo-Japanese War (1904-1905). Schiff met with Takahashi Korekiyo , deputy governor of the Bank of Japan , in Paris in April 1904. Schiff agreed to extend loans to the Empire of Japan in the amount of $ 200 million (equivalent to $ 5.3 billion in 2023), through Kuhn, Loeb & Co. These loans were the first major flotation of Japanese bonds on Wall Street , and provided approximately half

2673-435: Is why often only 43 city districts are mentioned, even on the city's official website). Some larger housing areas are often falsely called city districts, even by locals, like Nordweststadt (part of Niederursel , Heddernheim and Praunheim ), Goldstein (part of Schwanheim ), Riedberg (part of Kalbach-Riedberg ) and Europaviertel (part of Gallus ). The Bankenviertel ( banking district ), Frankfurt's financial district,

2772-574: The Main ") is the most populous city in the German state of Hesse . Its 773,068 inhabitants as of 2022 make it the fifth-most populous city in Germany . Located in the foreland of the Taunus on its namesake Main , it forms a continuous conurbation with Offenbach am Main ; its urban area has a population of over 2.7 million. The city is the heart of the larger Rhine-Main metropolitan region, which has

2871-645: The Banque de Paris et des Pays-Bas (Bank of Paris and the Netherlands or Paribas). On May 6, 1875, he married Therese Loeb, daughter of Solomon Loeb . The couple were the parents of a son, Mortimer L. Schiff and a daughter, Frieda . In 1885, Schiff became head of Kuhn, Loeb & Company. Besides financing Eastern railroads such as the Pennsylvania and the Louisville & Nashville , he took part in

2970-579: The Bunker Hill Mining Company . ASARCO eventually controlled 90% of the U.S. lead production, essentially becoming a smelter trust . On January 11, 1916, sixteen ASARCO employees were killed and mutilated by Pancho Villa 's men near the town of Santa Isabel, Chihuahua . It was one of the incidents that sparked the Mexican Expedition , a United States Army attempt to capture or kill Villa. Based in Tucson, Arizona ,

3069-492: The Central Powers . During World War I , Schiff urged U.S. President Woodrow Wilson and other Allied statesmen to end the war as quickly as possible, even without an Allied victory. He feared for the lives of his family, back in Germany, but also for the future of his adopted land. He arranged loans to France and other nations for humanitarian purposes, and spoke out against submarine warfare . Schiff forbade any of

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3168-548: The European Insurance and Occupational Pensions Authority and European Systemic Risk Board in 2011. Frankfurt is the largest city in the state of Hesse in the western part of Germany. Frankfurt is located on both sides of the river Main , south-east of the Taunus mountain range. The southern part of the city contains the Frankfurt City Forest , Germany's largest city forest. The city area

3267-463: The Free City of Frankfurt . The Prussian administration incorporated Frankfurt into its province of Hesse-Nassau . The Prussian occupation and annexation were perceived as a great injustice in Frankfurt, which retained its distinct western European, urban and cosmopolitan character. The formerly independent towns of Bornheim and Bockenheim were incorporated in 1890. In 1914, the citizens founded

3366-851: The Jewish Theological Seminary , the Jewish Division in the New York Public Library , and the American Jewish Committee . Schiff grew to be one of American Jewry's top philanthropists and leaders, donating to nearly every major Jewish cause, New York examples being the Montefiore Home for Chronic Invalids , of which he was president, the Young Men's Hebrew Association building and the Jewish Theological Seminary . He

3465-671: The Jewish people , and demonstrated this through his philanthropy. He founded the Jewish Industrial Removal Office which relocated New York immigrant Jews to the Western United States. He also founded an additional point of immigrant entry to the U.S. through Galveston, Texas . He supported relief efforts for the victims of pogroms in Russia, and helped establish and develop Hebrew Union College ,

3564-726: The Order of the Rising Sun, Gold and Silver Star , the second highest of the eight classes of that Order. Schiff was the first foreigner to receive the Order in person from Emperor Meiji in the Imperial Palace. Schiff also had a private audience with King Edward VII of the United Kingdom in 1904. In addition to his famous loan to Japan, Schiff financed loans to many other nations, including those that would come to comprise

3663-637: The Talmudic principle that "twice blessed is he who gives in secret." He did not permit his name to be attached to the buildings he sponsored, with the one exception of the Schiff Pavilion at his Montefiore Hospital , and never discussed the size of his gifts. Because of his secrecy, the exact amount of his philanthropic donations is impossible to calculate, but it has been estimated between $ 50 and $ 100 million dollars. The Action Française movement and its leader, Charles Maurras , claimed that Schiff

3762-657: The Technical Institute of Haifa . As the situation for Eastern European Jews grew more dire, with the Russian Revolution and subsequent Russian Civil War , and pogroms in Ukraine, Schiff made more considerable contributions to the Zionist effort; he even offered to join the Zionist organization, provided he could publish a statement he'd prepared. This offer was denied, and so he never formally joined

3861-404: The Thirty Years' War , but suffered from the bubonic plague that refugees brought to the city. After the war, Frankfurt regained its wealth. In the late 1770s the theater principal Abel Seyler was based in Frankfurt, and established the city's theatrical life. Following the French Revolution , Frankfurt was occupied or bombarded several times by French troops. It remained a Free city until

3960-487: The Unification of Germany , while others were formed from territory which previously belonged to other city district(s), such as Dornbusch and Riederwald . Until the year 1877 the city's territory consisted of the present-day inner-city districts of Altstadt , Innenstadt , Bahnhofsviertel , Gutleutviertel , Gallus , Westend , Nordend , Ostend and Sachsenhausen . Bornheim was part of an administrative district called Landkreis Frankfurt , before becoming part of

4059-408: The United Steelworkers . ASARCO has 20 superfund sites across the United States, and it is subject to considerable litigation over pollution . After emerging from bankruptcy in 2008, it made a settlement with the government of $ 1.79 billion for contamination at various sites; the funds were allotted to the Environmental Protection Agency (EPA) for cleanup at 26 sites around the country. ASARCO

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4158-402: The Wallanlagen , Volkspark Niddatal , Grüneburgpark , the City Forest , two major botanical gardens (the Palmengarten and the Botanical Garden Frankfurt ) and the Frankfurt Zoo . Frankfurt is the seat of the German Football Association (Deutscher Fußball-Bund – DFB) , is home to the first division association football club Eintracht Frankfurt , the Löwen Frankfurt ice hockey team, and

4257-401: The 1970s, the city created one of Europe's most efficient underground transportation systems. That system includes a suburban rail system ( S-Bahn ) linking outlying communities with the city center, and a deep underground light rail system with smaller coaches ( U-Bahn ) also capable of travelling above ground on rails. In 1998, the European Central Bank was founded in Frankfurt, followed by

4356-421: The Allies' wartime bombardment. Frankfurt was the original choice for the provisional capital city of the newly founded state of West Germany in 1949. The city constructed a parliament building that was never used for its intended purpose (it housed the radio studios of Hessischer Rundfunk ). In the end, Konrad Adenauer , the first postwar Chancellor , preferred the town of Bonn , for the most part because it

4455-422: The Apostle and now Frankfurt Cathedral . Frankfurt was one of the most important cities in the Holy Roman Empire . From 855, the German kings were elected and crowned in Aachen . From 1562, the kings and emperors were crowned and elected in Frankfurt, initiated for Maximilian II . This tradition ended in 1792, when Francis II was elected. His coronation was deliberately held on Bastille Day , 14 July,

4554-478: The Bolsheviks pay back some of the money he'd loaned Kerensky. Schiff also joined a British-backed effort to appeal to fellow Jews in Russia to continue the fight against Germany." Schiff believed in the Jewish charitable principle of Zedakah . Beginning in childhood he recalled "Kindness was the keynote of the household... It was made our duty to put one-tenth aside for charity according to the old Jewish tradition." Schiff always felt strongly about his connection to

4653-434: The Central Powers as of 1914, stopped speaking German in public and was eager to demonstrate his moral and financial commitment to the Allied cause. A practitioner of Reform Judaism , Schiff supported political, secular Zionism . Despite not agreeing fully with the ideas of Theodor Herzl , and in fact believing that Zionism would cause Americans to question his loyalty, he donated to many Jewish projects in Israel, including

4752-417: The Colorado Department of Public Health and Environment sued ASARCO for damages to natural resources in 1983, the EPA placed the ASARCO Globe Plant on its National Priorities List of Superfund sites, with ASARCO to pay for the site's cleanup. In 1972 ASARCO's downtown Omaha plant in Nebraska was found to be releasing high amounts of lead into the air and ground surrounding the plant. In 1995 ASARCO submitted

4851-410: The EPA, in close coordination with ADEQ, to enter an agreement with ASARCO to conduct remedial actions..." After emerging from Chapter 11 bankruptcy in 2008, ASARCO made a settlement with the government of $ 1.79 billion for contamination at various sites; the funds were allotted to the Environmental Protection Agency (EPA) for cleanup at 26 sites around the country. A final settlement for $ 1.79 billion

4950-407: The EU at Gadheim in Lower Franconia . Like France and Franconia , the city is named after the Franks . Frankfurt is the largest city in the Rhenish Franconian dialect area. Frankfurt was a city state , the Free City of Frankfurt , for nearly five centuries, and was one of the most important cities of the Holy Roman Empire , as a site of Imperial coronations ; it lost its sovereignty upon

5049-430: The EU. Frankfurt is one of the major financial centers of the European continent, with the headquarters of the European Central Bank , Deutsche Bundesbank , Frankfurt Stock Exchange , Deutsche Bank , DZ Bank , KfW , Commerzbank , DekaBank , Helaba , several cloud and fintech startups , and other institutes. Automotive, technology and research, services, consulting, media and creative industries complement

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5148-410: The Federation for the support of Jewish Philanthropic Societies of New York City and $ 300,000 to the Montefiore Home. He was buried at Salem Fields Cemetery in Brooklyn . He was succeeded as head of Kuhn, Loeb & Company by his son, Mortimer Leo Schiff (1877–1931). Schiff was inducted into the Junior Achievement U.S. Business Hall of Fame in 1982. The Jacob Schiff Center, named after him,

5247-414: The Frankfurt spelling for Frankfurt am Main on 24 October 1953 and last used the Frankfort spelling on 10 June 1954. The suffix am Main has been used regularly since the 14th century. In English, the city's full name of Frankfurt am Main means "Frankfurt on the Main" (pronounced like English mine or German mein ). Frankfurt is located on an ancient ford (German: Furt ) on the river Main . As

5346-428: The Jewish people for the antisemitic actions of the Russian Empire , specifically the recent Kishinev pogrom in 1903. This loan attracted worldwide attention, and had major consequences. Since their domestic economy was still developing, Japan's military was dependent on massive imports of munitions, purchases made possible by Schiff's loan. In 1905, Japan awarded Schiff the Order of the Sacred Treasure , and in 1907,

5445-415: The Polish border. The city district Bonames has a name probably dating back to Roman times, thought to be derived from bona me(n)sa (good table). The common abbreviations for the city, primarily used in railway services and on road signs, are Frankfurt (Main) , Frankfurt (M) , Frankfurt a. M. , Frankfurt/Main or Frankfurt/M . The common abbreviation for the name of the city is "FFM". Also in use

5544-546: The Ray and Silver Bell mines in Pima County, Arizona , and Pinal County, Arizona , and operates a smelter in Hayden, Arizona . ASARCO's smelting plant in El Paso, Texas , was suspended in 1999 and then demolished on April 13, 2013. Before closing, the plant produced 1,000,000,000 pounds (450,000,000 kg) of anodes each year. Refining at the mines as well as at a copper refinery in Amarillo, Texas , produce 375,000,000 pounds (170,000,000 kg) of refined copper each year. ASARCO's hourly workers are primarily represented by

5643-404: The University of Frankfurt, later named Goethe University Frankfurt . This marked the only civic foundation of a university in Germany; today it is one of Germany's largest. From 6 April to 17 May 1920, following military intervention to put down the Ruhr uprising , Frankfurt was occupied by French troops . The French claimed that Articles 42 to 44 of the peace treaty of Versailles concerning

5742-466: The Zionist camp. Journalist George Kennan noted that Schiff helped finance revolutionary propaganda during the Russo-Japanese War and Revolution of 1905, through the Society of Friends of Russian Freedom . The Jewish Communal Register of New York City stated that, "Mr. Schiff has always used his wealth and his influence in the best interests of his people. He financed the enemies of autocratic Russia and used his financial influence to keep Russia from

5841-479: The airport, is the most-heavily used interchange in the EU, used by 320,000 cars daily. In 2011 human-resource-consulting firm Mercer ranked Frankfurt as seventh in its annual 'Quality of Living' survey of cities around the world. According to The Economist cost-of-living survey, Frankfurt is Germany's most expensive city and the world's tenth most expensive. Frankfurt has many downtown high-rise buildings that form its renowned Frankfurt skyline . In fact, it

5940-576: The anniversary of the storming of the Bastille . The elections and coronations took place in St. Bartholomäus Cathedral , known as the Kaiserdom (Emperor's Cathedral), or its predecessors. The Frankfurter Messe ('Frankfurt Trade Fair') was first mentioned in 1150. In 1240, Emperor Frederick II granted an imperial privilege to its visitors, meaning they would be protected by the empire. The fair became particularly important when similar fairs in French Beaucaire lost attraction around 1380. Book trade fairs began in 1478. In 1372, Frankfurt became

6039-610: The banking firm of Kuhn, Loeb & Company invited him to return to New York City and enter the firm. Not long after joining the firm of Kuhn, Loeb & Co., Schiff was in essence running the business. Along with H. B. Claflin , Marcellus Hartley , Robert L. Cutting , and Joseph Seligman , he was a founder of the Continental Bank of New York in August 1870. Schiff accepted Kuhn's invitation in January 1875, bringing to Kuhn, Loeb & Company his connections with Sir Ernest Cassel of London, Robert Fleming of Dundee (later of London), and Edouard Noetzlin  [ fr ] of

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6138-459: The basketball club Frankfurt Skyliners , and is the venue of the Frankfurt Marathon and the Ironman Germany . Frankfurt is the largest financial hub in continental Europe . It is home to the European Central Bank , Deutsche Bundesbank , Frankfurt Stock Exchange and several large commercial banks. The Frankfurt Stock Exchange is one of the world's largest stock exchanges by market capitalization and accounts for more than 90 percent of

6237-430: The city on 1 January 1877, followed by Bockenheim on 1 April 1895. Seckbach , Niederrad and Oberrad followed on 1 July 1900. The Landkreis Frankfurt was finally dispersed on 1 April 1910, and therefore Berkersheim , Bonames , Eckenheim , Eschersheim , Ginnheim , Hausen , Heddernheim , Niederursel , Praunheim , Preungesheim and Rödelheim joined the city. In the same year a new city district, Riederwald ,

6336-469: The collapse of the Holy Roman Empire in 1805/6. In 1806, it became part of the principality of Aschaffenburg under the Fürstprimas ( Prince-Primate ), Karl Theodor Anton Maria von Dalberg . This meant that Frankfurt was incorporated into the Confederation of the Rhine . In 1810, Dalberg adopted the title of a Grand Duke of Frankfurt . Napoleon intended to make his adopted son Eugène de Beauharnais , already Prince de Venise (" prince of Venice ",

6435-469: The collapse of the empire in 1806, regained it in 1815 and then lost it again in 1866, when it was annexed (though neutral) by the Kingdom of Prussia . It has been part of the state of Hesse since 1945. Frankfurt is culturally, ethnically and religiously diverse, with half of its population, and a majority of its young people, having a migrant background . A quarter of the population consists of foreign nationals, including many expatriates . In 2015, Frankfurt

6534-450: The company filed for Chapter 11 bankruptcy in Corpus Christi , Texas under then-president Daniel Tellechea. As of 2019, ASARCO operates two primary locations in the United States, a mining and smelting complex in Arizona and a copper refinery in Amarillo, Texas . ASARCO has been found responsible for environmental pollution at 20 Superfund sites across the U.S. by the Environmental Protection Agency . Among those sites are: After

6633-437: The company grew to conduct mining , smelting , and refining of primarily copper. Open-pit mining is primarily utilized as the most efficient method of recovering this metal; the company's three largest such works are the Mission, Silver Bell, and the Ray mines in Arizona. The company had also operated in silver mining in Idaho. Its mines produce 350,000,000 to 400,000,000 pounds (160,000,000 to 180,000,000 kg) of copper

6732-474: The concert hall Alte Oper , continental Europe's largest English theater and many museums, 26 of which line up along the Museum Embankment , including the Städel , the Liebieghaus , the German Film Museum ( de ), the Senckenberg Natural Museum , the Goethe House and the Schirn art venue. Frankfurt's skyline is shaped by some of Europe's tallest skyscrapers, which has led to the term Mainhattan . The city has many notable green areas and parks, including

6831-444: The demilitarization of the Rhineland had been broken. In 1924, Ludwig Landmann became the first Jewish mayor of the city, and led a significant expansion during the following years. During the Nazi era , the synagogues of the city were destroyed and the vast majority of the Jewish population fled or was killed. During World War II , Frankfurt was the location of a Nazi prison for underage girls with several forced labour camps,

6930-538: The disadvantaged, such as the American Red Cross , the Visiting Nurse Service of New York and Henry Street Settlement (New York) and Tuskegee Institute . Schiff was actively concerned with the improvement of civic conditions in New York City. He was a vice president of the New York Chamber of Commerce , and a member of the Committee of 70 which resulted in the overthrow of the Tweed Ring . On his 70th birthday, he distributed $ 700,000 among various charitable organizations and public institutions Schiff believed in

7029-559: The early 1980s. In 1996 the United States joined the suit. In 2008 after emerging from bankruptcy, ASARCO LLC settled for $ 452 million for contributions to this site. This was part of a nearly $ 2 billion settlement (see below) with the US for a total of 26 sites. In 2007, the Environmental Protection Agency released the results of soil and air tests in Hayden, Arizona , taken adjacent to the ASARCO Hayden Smelter. The results showed abnormally high amounts of pollutants that violate prescribed health standards. Arsenic, lead and copper were among

7128-633: The economic base. Frankfurt's DE-CIX is the world's largest internet exchange point . Messe Frankfurt is one of the world's largest trade fairs . Major fairs include the Music Fair and the Frankfurt Book Fair , the world's largest book fair. With 108 consulates, among which the largest is the US Consulate General , Frankfurt is second to New York City among non-capital cities in regards to consulate seats. Frankfurt

7227-791: The end of the war, Frankfurt became a part of the newly founded state of Hesse, consisting of the old Hesse-(Darmstadt) and the Prussian Hesse provinces. The city was part of the American Zone of Occupation of Germany. The Military Governor for the United States Zone (1945–1949) and the United States High Commissioner for Germany (HICOG) (1949–1952) had their headquarters in the IG Farben Building , intentionally left undamaged by

7326-428: The former West Germany , Frankfurt Airport became the busiest in Germany , one of the busiest in the world, the airport with the most direct routes in the world, and the primary hub for Lufthansa , the national airline of Germany and Europe's largest airline. Frankfurt Central Station is Germany's second-busiest railway station after Hamburg Hbf , and Frankfurter Kreuz is the most-heavily used interchange in

7425-795: The funds from his loans from going to the Russian Empire, due to the Tsarist regime's oppression of the Jewish people. When the Tsar was overthrown in 1917 , Schiff believed that the oppression of Russia's Jews would end and formally repealed the impediments within his firm against lending to Russia. However, Schiff's stance changed again upon the Bolsheviks ' seizure of power: "Schiff's gripe against Russia had been its anti-Semitism. At home Schiff had never shown any sympathy for socialism, not even

7524-401: The funds needed for Japan's war effort. Schiff made this loan in part because he believed gold was not as important as national effort and desire to win a war and due to the apparent underdog status of Japan at the time-a European empire had not yet been defeated by a non-Western nation, in a modern, full-scale war. It is quite likely Schiff also saw this loan as a means of answering, on behalf of

7623-706: The milder Morris Hillquit variety. Schiff had declared victory for his purposes in Russia after the tsar was toppled in March 1917 and Alexander Kerensky , representing the new provisional government, had declared Jews to be equal citizens. In addition to repeated public statements of support, he used both his personal wealth and the resources of Kuhn Loeb to float large loans to Kerensky's regime. When Lenin and Trotsky seized power for themselves in November 1917, Schiff immediately rejected them, cut off further loans, started funding anti-Bolshevist groups, and even demanded that

7722-598: The money markets of the United States." Schiff died at his Fifth Avenue home in Manhattan , New York City on September 25, 1920. His funeral was held three days later at Temple Emanu-El , then located at 43rd Street and Fifth Avenue in Manhattan. His estate was estimated at about $ 50,000,000 (approximately $ 760,000,000 today). He bequeathed $ 1,350,000 to various institutions, most of which had received benefactions during his life. The largest bequests were $ 500,000 to

7821-532: The most egregious pollutants found in Hayden. As a consequence of the contamination, the EPA proposed to add Hayden, Arizona, to the list of Federal Superfund sites. This action would provide funding to clean up the contamination. ASARCO fought the action, supported by Democratic Gov. Janet Napolitano , who said: "I am asking that the EPA delay final decision on listing until March 31, 2008. This would provide ample time for

7920-681: The old town were reconstructed as part of the Dom-Römer Project from 2012 to 2018. Frankonovurd (in Old High German ) or Vadum Francorum (in Latin ) were the first names mentioned in written records from 794. It transformed to Frankenfort during the Middle Ages and then to Franckfort and Franckfurth in the modern era . According to historian David Gans , the city was named c.  146 AD by its builder,

8019-890: The reorganization of the Baltimore and Ohio Railroad in 1896–99, and at various times aided the American Smelting & Refining Company ( ASARCO ), the Westinghouse Electric Company , and the Western Union Telegraph Company. Less fortunate was his share in the reorganization in 1902 of the Metropolitan Street Railway of New York. He became associated with E. H. Harriman in notable contests with James J. Hill and J.P. Morgan & Company for control of several Western railroads. Schiff served as

8118-635: The rise of Zionism . He also became a director of many important corporations, including the National City Bank of New York , Equitable Life Assurance Society , Wells Fargo & Company , and the Union Pacific Railroad . In many of his interests he was associated with E. H. Harriman . Schiff was born in 1847 in the Judengasse in Frankfurt am Main , Germany , to Moses and Clara ( née Niederhofheim) Schiff, members of

8217-452: The river was shallow enough to be crossed on foot. By the 19th century, the name Frankfurt had been established as the official spelling. The older English spelling of Frankfort is now rarely seen in reference to Frankfurt am Main, although more than a dozen other towns and cities, mainly in the United States, use this spelling, including Frankfort, Kentucky , Frankfort, New York , and Frankfort, Illinois . The New York Times first used

8316-480: The turnover in the German market. In 2010, 63 national and 152 international banks had their registered offices in Frankfurt, including Germany's major banks, notably Deutsche Bank , DZ Bank , KfW , Deka Bank and Commerzbank , as well as 41 representative offices of international banks. Frankfurt is considered a global city (alpha world city) as listed by the GaWC group's 2012 inventory. Among global cities it

8415-627: The western borders of Frankfurt lies the Kapellenberg as part of the Taunus with one of the first Stone Age cities in Europe. The Celts had different settlements in the Taunus mountains north of Frankfurt, the biggest one the Heidetrank Oppidum . The first traces of Roman settlements established in the area of the river Nidda date to the reign of Emperor Vespasian in the years 69 to 79 AD. Nida (modern Heddernheim , Praunheim )

8514-447: Was a Roman civitas capital ( Civitas Taunensium ). Alemanni and Franks lived there , and by 794, Charlemagne presided over an imperial assembly and church synod, at which Franconofurd (alternative spellings end with -furt and -vurd) was first mentioned. It was one of the two capitals of Charlemagne's grandson Louis the German , together with Regensburg . Louis founded the collegiate church , rededicated in 1239 to Bartholomew

8613-537: Was a broker for the Rothschilds . Schiff was educated in the schools of Frankfurt, and was first employed in the banking and brokerage business as an apprentice in 1861. After the American Civil War had ended in April 1865, Schiff came to the United States, arriving in New York City on August 6. He became a broker on November 21, 1866, and joined the firm of Budge, Schiff & Company in 1867. He became

8712-585: Was a prominent Jewish cultural center and synagogue from the 1930s through at least the 1960s. It was located on Valentine Avenue, near the intersection of Fordham Road and the Grand Concourse in the Fordham section of The Bronx . New York City public school number 192 in West Harlem is also named for him. It serves grades pre-K through 5th grade. In Germany , there was an attempt to name

8811-630: Was almost completely destroyed. It became a ground battlefield on 26 March 1945, when the Allied advance into Germany was forced to take the city in contested urban combat that included a river assault. The 5th Infantry Division and the 6th Armored Division of the United States Army captured Frankfurt after several days of intense fighting, and it was declared largely secure on 29 March 1945. Frankfurt consists to over 40% of buildings from before World War II, besides all destruction. After

8910-773: Was also involved with many secular American causes: in addition to serving on the Board of Managers of the New York Zoological Society , he gave to such organizations as the Boy Scouts of America , the Harvard Semitic Museum , the American Museum of Natural History , Metropolitan Museum of Art , American Fine Arts Society , American Geographical Society , and Barnard College ; and a number of other organizations for civil rights and

9009-577: Was close to his hometown, but also because many other prominent politicians opposed the choice of Frankfurt out of concern that Frankfurt would be accepted as the permanent capital, thereby weakening the West German population's support for a reunification with East Germany and the eventual return of the capital to Berlin . Postwar reconstruction took place in a sometimes simple modern style, thus changing Frankfurt's architectural face. A few landmark buildings were reconstructed historically, albeit in

9108-637: Was created on territory that had formerly belonged to Seckbach and Ostend. On 1 April 1928 the City of Höchst became part of Frankfurt, as well as its city districts Sindlingen , Unterliederbach and Zeilsheim . Simultaneously the Landkreis Höchst was dispersed with its member cities either joining Frankfurt ( Fechenheim , Griesheim , Nied , Schwanheim , Sossenheim ) or joining the newly established Landkreis of Main-Taunus-Kreis . ASARCO ASARCO (American Smelting and Refining Company)

9207-665: Was declared a Superfund site. As of 2003, 290 acres (1.2 km ) had been cleaned. In 1991 the Coeur d'Alene Tribe filed suit under CERCLA against Hecla Mining Company, ASARCO and other defendants for damages and cleanup costs downstream of what has been designated as the Bunker Hill Mine and Smelting Complex Superfund site. Contamination had affected Lake Coeur d'Alene and the Saint Joe River, as well as related waters and lands, and cleanup had been under way since

9306-597: Was founded in 1888 as the American Smelting and Refining Company by Henry H. Rogers , William Rockefeller , Adolph Lewisohn , Robert S. Towne, Anton Eilers , and Leonard Lewisohn . From 1901 to 1959, American Smelting and Refining was included in the Dow Jones Industrial Average . In April 1901, the Guggenheim family gained control of the company, and in 1905, bought the Tacoma smelter from

9405-405: Was home to 1,909 ultra high-net-worth individuals , the sixth-highest number of any city. As of 2023, Frankfurt is the 13th-wealthiest city in the world and the second-wealthiest city in Europe (after London ). Frankfurt is a global hub for commerce, culture, education, tourism and transportation, and is the site of many global and European corporate headquarters. Due to its central location in

9504-522: Was only a symbolic action, as the latter effectively never ruled after the ruin of the French armies and Frankfurt's takeover by the allies. After Napoleon's final defeat and abdication, the Congress of Vienna (1814–1815) dissolved the grand-duchy and Frankfurt became a fully sovereign city-state with a republican form of government. Frankfurt entered the newly founded German Confederation (till 1866) as

9603-616: Was opened on 18 May 1848. In the year of its existence, the assembly developed a common constitution for a unified Germany, with the Prussian king as its monarch. The institution failed in 1849 when the Prussian king, Frederick William IV , declared that he would not accept "a crown from the gutter". Frankfurt lost its independence after the Austro-Prussian War in 1866 when Prussia annexed several smaller states, among them

9702-680: Was ranked tenth by the Global Power City Index 2011 and 11th by the Global City Competitiveness Index 2012 . Among financial hubs, the city was ranked eighth by the International Financial Centers Development Index 2013 and ninth in the 2013 Global Financial Centres Index . Its central location in Germany and Europe makes Frankfurt a major air, rail, and road transport hub . Frankfurt Airport

9801-524: Was thoroughly pro-German and had worked to prevent American entry into World War I . Maurras went so far as to suggest that a telegram from Schiff and other prominent American Jewish leaders convinced President Wilson to give in to certain German arguments at the post-war peace negotiations, including allowing Upper Silesia to have a plebiscite rather than being ceded to Poland. The telegram is not known to have actually existed. Moreover, it has been argued that Schiff stopped financing transactions for Germany or

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